West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(6.5%)	$7,767,500
Net Lumpsum Payment	$67,557,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$250,449	$2,216,646
2	$4,045,824	-$1,457,285 -$262,979	$2,325,560
3	$4,248,064	-$1,532,114 -$276,124	$2,439,826
4	$4,460,544	-$1,610,732 -$289,935	$2,559,877
5	$4,683,520	-$1,693,233 -$304,429	$2,685,858
6	$4,917,760	-$1,779,902 -$319,654	$2,818,204
7	$5,163,520	-$1,870,833 -$335,629	$2,957,058
8	$5,421,824	-$1,966,405 -$352,419	$3,103,000
9	$5,692,928	-$2,066,714 -$370,040	$3,256,174
10	$5,977,600	-$2,172,042 -$388,544	$3,417,014
11	$6,276,352	-$2,282,581 -$407,963	$3,585,808
12	$6,590,208	-$2,398,707 -$428,364	$3,763,137
13	$6,919,680	-$2,520,612 -$449,779	$3,949,289
14	$7,265,792	-$2,648,673 -$472,276	$4,144,843
15	$7,629,056	-$2,783,081 -$495,889	$4,350,086
16	$8,010,496	-$2,924,214 -$520,682	$4,565,600
17	$8,410,880	-$3,072,356 -$546,707	$4,791,817
18	$8,831,488	-$3,227,981 -$574,047	$5,029,460
19	$9,273,088	-$3,391,373 -$602,751	$5,278,964
20	$9,736,704	-$3,562,911 -$632,886	$5,540,907
21	$10,223,616	-$3,743,068 -$664,535	$5,816,013
22	$10,734,848	-$3,932,224 -$697,765	$6,104,859
23	$11,271,424	-$4,130,757 -$732,643	$6,408,024
24	$11,835,136	-$4,339,331 -$769,284	$6,726,521
25	$12,426,752	-$4,558,229 -$807,739	$7,060,784
26	$13,048,320	-$4,788,209 -$848,141	$7,411,970
27	$13,700,608	-$5,029,555 -$890,540	$7,780,513
28	$14,385,664	-$5,283,026 -$935,068	$8,167,570
29	$15,105,024	-$5,549,189 -$981,827	$8,574,008
30	$15,860,224	-$5,828,613 -$1,030,915	$9,000,696